CF Industries Bursts Through Resistance

Shares of CF Industries

are trading higher on the session by 2.93%, at $172.73. The stock was battling with the $169.99 resistance level for much of the day, but has firmly broke and held above the level within the past two hours. CF Industries has also managed to push to a fresh 52-week high of $172.87. While shares are now trading in overbought territory, you could see some follow though money now that a breakout has been affirmed; $176 would be your first sell trigger. Note that CF Industries has 2.55% short interest. CF Industries Holdings, Inc. is a manufacturer and distributor of nitrogen and phosphate fertilizer products. CF Holdings operates in two segments: the nitrogen segment and the phosphate segment.